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Energiekontor AG
Transaction in Own Shares • Apr 3, 2019
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Transaction in Own Shares
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News Details
Ad-hoc | 3 April 2019 15:30
Energiekontor AG: Energiekontor AG decides to buy back shares
Energiekontor AG / Key word(s): Share Buyback
Energiekontor AG: Energiekontor AG decides to buy back shares
03-Apr-2019 / 15:30 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The Management Board of Energiekontor AG today decided, with the approval of the Supervisory Board, to make use of the authorisation granted at the Annual General Meeting on 21 May 2015 to acquire own shares pursuant to Section 71 (1) No. 8 AktG and to buy back up to 300,000 shares in the period from April 23, 2019 to May 19, 2020, whereby the repurchase is limited to such a number of shares or to a total purchase price of a maximum of EUR 9,000,000. At the same time, the existing share buyback program is to be terminated prematurely on April 18, 2019.
The acquisition is to take place via the stock exchange. The amount per share paid by the Company (excluding incidental acquisition costs) may not be more than 10 % higher or lower than the average closing price for shares of the same class during the last three trading days prior to the acquisition.
The repurchase shall be conducted by an investment firm or a credit institution in accordance with the safe harbour provisions of Article 5 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council of April 16, 2014 in conjunction with the provisions of Commission Delegate Regulation (EU) 2016/1052 of March 8, 2016. The commissioned investment firm or credit institution makes its decisions on the time of the share acquisition independently and uninfluenced by Energiekontor AG.
It is intended to redeem the shares for the purpose of a capital reduction.
All transactions will be announced weekly on the Company’s website (www.energiekontor.de) in the Investor Relations section after their execution.
Contact:
Peter Alex
Head of Investor Relations
Energiekontor AG
Mary-Somerville-Straße 5
28359 Bremen
Germany
Tel.: +49 421-3304-126
Fax: +49 421-3304-444
03-Apr-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | Energiekontor AG |
| Mary-Somerville-Straße 5 | |
| 28359 Bremen | |
| Germany | |
| Phone: | 04 21/33 04-126 |
| Fax: | 04 21/33 04-4 44 |
| E-mail: | [email protected] |
| Internet: | www.energiekontor.de |
| ISIN: | DE0005313506 |
| WKN: | 531350 |
| Listed: | Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 795405 |
| End of Announcement | DGAP News Service |